Payment settlement in the construction industry is historically a complex, costly, paper-heavy process. Major savings can be achieved through improved productivity by applying leaner process management. A new system that could automate payment processing therefore had the potential to become a highly profitable industry standard. To address this gap in the market, ezPay developed a basic web-based payment processing system called eznetpay™, which manages financial and project relationships between builders, contractors, suppliers and their financiers.
Before it could be marketed and sold, however, a number of enhancements needed to be performed to productise eznetpay™. The invoicing process needed to be automated and integrated with a number of new modules and user interfaces to optimize workflow. With construction companies always looking for greater efficiencies and compliance to various government regulations, these enhancements had to be performed fast and rapidly delivered to the market.
As a start-up, ezPay wanted to stay focused on its business development and needed to find an expert partner with experience in developing high-availability online systems to implement the business-critical system enhancements.